Key Takeaways
- A Canada Fed is a direct deposit payment made by the Canada Revenue Agency (CRA) to deliver the financial government benefits you qualify for.
- Payments referred to as a Canada Fed deposit include the Canada Child Benefit (CCB), Child Disability Benefit (CDB), and Canada Workers Benefit (CWB).
- Canada Fed payments are non-taxable.
What does the Canada Fed deposit on your bank statement mean?
If you have recently received a payment in your bank account tagged as “Canada Fed,” don’t worry. It is more than likely from the Government of Canada.
Specifically, the Canada Revenue Agency (CRA) makes a direct deposit payment to deliver the financial government benefits you’re eligible for.
This article covers everything about Canada Fed Deposits, including which benefits are included, who’s eligible for them, and their payment dates.
Canada Fed Meaning
Canada Fed is a direct deposit payment made by the Canada Revenue Agency (CRA). It often signifies that you qualify for one or a combination of benefits, including:
Canada Fed Payment Dates in 2025
Depending on the program you are eligible for, Canada Fed payments in 2025 occur as follows:
1. Canada Child Benefit
The Canada Child Benefit is a monthly tax-free payment made to eligible families to help them with the costs of raising kids.
CCB is paid on these dates in 2025:
- January 20, 2025
- February 20, 2025
- March 20, 2025
- April 17, 2025
- May 20, 2025
- June 20, 2025
- July 18, 2025
- August 20, 2025
- September 19, 2025
- October 20, 2025
- November 20, 2025
- December 12, 2025
How much CCB will you get?
The maximum CCB per child under age 6 is $7,437 per year or $619.75 monthly.
The maximum amount for kids aged 6 to 17 is $6,275 per year or $522.91 per month.
How much you receive depends on how many eligible kids you have and your adjusted family net income for the last tax year.
2. Canada Child Disability Benefit
Families with children under 18 with a qualifying disability may be eligible for the child disability benefit.
How much CDB will you get?
The maximum benefit per child is $3,173 per year or $264.41 monthly.
CDB is paid monthly on the same date as the CCB.
3. GST/HST Credit
The Goods and Services Tax/Harmonized Sales Tax (GST/HST) is a quarterly tax-free benefit paid to low- and modest-income individuals and families.
This benefit helps them to offset the sales taxes they pay during the year.
GST/HST credit payments for 2025 occur on these dates:
- January 3, 2025
- April 4, 2025
- July 4, 2025
- October 3, 2025
How much GST Credit will you get?
The standard GST/HST credit in 2024/2025 is up to $519 if you are single, $680 if you are married or have a common-law partner, and $179 per child under age 19.
4. Canada Workers Benefit
The Canada Workers Benefit (CWB) is a refundable tax credit to help individuals and families who earn a low income while working.
CWB payments in 2025 occur on the same dates as the GST/HST credit:
- January 10, 2025
- July 11, 2025
- October 10, 2025
The maximum basic CWB for single individuals is $1,518 annually and $2,616 for families.
How much CWB will you get?
How much you receive depends on your adjusted net income and where you reside. A CWB disability supplement of up to $784 is also paid to eligible recipients.
5. Climate Action Incentive Payments (CAIP)
The Climate Action Incentive Payment (CAIP) is a tax-free benefit paid to families in Alberta, Ontario, Saskatchewan, Manitoba, Prince Edward Island, Newfoundland and Labrador, and Nova Scotia to help them offset the cost of the federal carbon tax.
CAIP is paid on these dates for the 2025 payment period:
- January 15, 2025
- April 15, 2025
- July 15, 2025
- October 15, 2025
How much CAIP will you get?
The CAIP you receive varies based on your province of residence and the size of your family unit.
For the 2023-2024 pay period, total annual CAIP payments are as follows (assuming a family unit of four people):
| Family Member | Ontario | Manitoba | Saskatchewan | Alberta |
| First adult | $488 | $528 | $680 | $772 |
| Second adult | $244 | $264 | $340 | $386 |
| Each child | $122 | $132 | $170 | $193 |
| Family of 4 | $976 | $1,056 | $1,360 | $1,544 |
These amounts are increased by 10% if you live in a qualifying rural or small community.
You can expect the amounts in the table below for each province for each payment date.
Who is Eligible For Canada Fed Payments?
You can receive Canada Fed payments if you meet the conditions for each applicable program.
To qualify for CCB, you must:
- Be a legal resident of Canada for tax purposes
- Live with a child who is under 18
- Be primarily responsible for raising your child
- Meet the income thresholds
You must qualify for the CCB for the child disability benefit, and your child must be eligible for the disability tax credit.
To qualify for the GST/HST credit, you must be:
- A Canadian resident for income tax purposes, and
- Be 19 years or older, or
- Have (or have had) a spouse or common-law partner, or
- Are a parent (or were) and live (or lived) with your child
To qualify for the Canada Workers Benefit, you should be 19 or older, earn employment income, and be considered a Canadian resident for income tax purposes.
To qualify for the CAIP, you must be a resident of Alberta, Ontario, Manitoba, or Saskatchewan on the first day of the payment month and the last day of the previous month.
You must also meet at least one of these conditions during the same period:
- Be 19 years of age or older
- Have (or previously had) a spouse or common-law partner
- Be (or have previously been) a parent and live (or have previously lived) with your child
Canada FED Payments Are Non-Taxable
To receive the benefit, file your tax return annually even if you haven’t earned taxable income.
Up to 50% of Fed CWB payments can be paid to recipients in advance. The remainder is claimed on your income tax return.
How To Put Your Canada Fed Deposit to Use
Maximize the child benefit payments by contributing all or a portion to your child’s RESP account.
The Canadian government matches RESP contributions by up to $500 per year, and you could receive up to $7,200 in total grant money.
If you don’t have an emergency fund, you can deposit your Canada Fed payments into a high-interest savings account.
One of the best savings accounts in Canada is the EQ Bank Savings Plus Account.
It offers unlimited free debits and Interac e-transfers and has no monthly fees. However, it charges a high interest rate on your balance.
Lastly, you can invest your Fed windfall in a registered or non-registered investment account.
Here’s an in-depth guide on Canadian investment accounts.
Top-rated online wealth manager
Several customized portfolios & low fees
Unique RESP and other offerings
Auto rebalancing and div reinvesting
Earn up to a $500 bonus
Canada Fed FAQs
You can check your CRA My Account to see which benefits you qualify for. You can also contact the CRA by phone at 1-800-387-1193.
The direct deposit payment from the Government of Canada is related to the Canada Child Benefit, GST/HST credit, or Canada Workers Benefit.